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8135 Bonnafair Dr : Unit A&B Hermitage TN 37076 - Available Opportunity

Updated: Nov 2, 2023

Duplex - Investment Property

Contact Eric Brinson for Pricing!

(Contact Info Below)

Executive Summary: This offering memorandum presents the exclusive, off-market sale of a well-positioned duplex that offers a mix of immediate return and growth potential through market rent adjustments and property enhancements.

Property Details: Duplex

  • Size: 1769 SF

  • Bedrooms: 4

  • Bathrooms: 2

  • Year Built: 1979

2Bd/1Ba Per Unit

Current Rental Details:

  • Current Rent: $2000/month

  • Unit 1: $900

  • Unit 2: $1200

Current Rental Details:

  • Market Rent: $1500/unit

Property Highlights:

  • Status: Rented

  • ARV (After Repair Value): $365,000

  • Condition: Good

Investment Considerations:

  1. Cash Flowing Asset: With both units currently rented, the property is generating a steady income stream.

  2. Upside Rent Potential: The current rents are below market, suggesting room for potential income growth to $1,500 per unit.

  3. Value-Add Opportunity: Given its fair condition, there is an opportunity for targeted improvements to further increase the property's value and appeal.

  4. Strong ARV: The After Repair Value of $365,000 provides room for a healthy return on investment post-improvements.

Sold Comps

Rental Comps

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A&R Development & Acquisitions

Eric Brinson, REALTOR and General Contractor

Mobile: 615-987-7897

*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact directly to discuss. This is an off market investment opportunity.

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